SunPower Corp. (NASDAQ:SPWR) shares were up 3.6% on Wednesday . The stock traded as high as $16.15 and last traded at $15.99, with a volume of 1,566,374 shares trading hands. The stock had previously closed at $15.44.

Several brokerages have weighed in on SPWR. Mizuho began coverage on SunPower Corp. in a research report on Wednesday, March 30th. They issued a “neutral” rating and a $25.00 target price on the stock. Robert W. Baird reaffirmed an “outperform” rating on shares of SunPower Corp. in a research report on Thursday, April 7th. Guggenheim began coverage on SunPower Corp. in a research report on Tuesday, April 12th. They issued a “neutral” rating on the stock. Zacks Investment Research lowered SunPower Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 19th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of SunPower Corp. in a research report on Friday, May 6th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. SunPower Corp. presently has an average rating of “Buy” and a consensus price target of $33.78.

The firm’s 50 day moving average is $15.42 and its 200 day moving average is $20.23. The firm’s market capitalization is $2.17 billion.

SunPower Corp. (NASDAQ:SPWR) last posted its earnings results on Thursday, May 5th. The company reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.10. The business earned $433.60 million during the quarter, compared to analysts’ expectations of $328.53 million. During the same quarter in the previous year, the company posted $0.13 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. Analysts forecast that SunPower Corp. will post $1.30 earnings per share for the current year.

A number of hedge funds and institutional investors have bought and sold shares of the company. Russell Frank Co raised its position in SunPower Corp. by 29.2% in the fourth quarter. Russell Frank Co now owns 44,658 shares of the company’s stock valued at $1,357,000 after buying an additional 10,099 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in SunPower Corp. by 13.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 53,517 shares of the company’s stock valued at $1,606,000 after buying an additional 6,460 shares in the last quarter. California State Teachers Retirement System raised its position in SunPower Corp. by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 104,314 shares of the company’s stock valued at $3,130,000 after buying an additional 1,793 shares in the last quarter. Swiss National Bank raised its position in SunPower Corp. by 1.8% in the fourth quarter. Swiss National Bank now owns 73,700 shares of the company’s stock valued at $2,212,000 after buying an additional 1,300 shares in the last quarter. Finally, First Trust Advisors LP raised its position in SunPower Corp. by 25.0% in the fourth quarter. First Trust Advisors LP now owns 218,399 shares of the company’s stock valued at $6,554,000 after buying an additional 43,653 shares in the last quarter.

SunPower Corporation is a global energy company. The Company provides solar technology to residential, commercial and utility customers worldwide. The Company operates through three segments: Residential Segment, Commercial Segment and Power Plant Segment. The Company designs, manufactures, and sells rooftop and ground-mounted solar power systems under construction and development agreements.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.